Follow Up

Still Cagey After All These Years

Icahn Enterprises has delivered 20% annual gains for a decade.

Activist investor Carl Icahn has been garnering headlines since his hostile takeover of TWA in 1985, and at 77, he's still making news. This year alone, he has battled Michael Dell for control of computer maker Dell, butted heads with fellow activist Bill Ackman over multilevel marketer Herbalife, and pressed rig-operator Transocean to pay a bigger dividend to investors. Icahn's successful, sharp-elbowed investment...